European Central Bank president Mario Draghi softened his tone on the inflation outlook, saying the risks are now “broadly balanced.”
While inflation will remain above the ECB’s 2 per cent limit this year, it will slow in 2013 and “underlying price pressures should remain modest,” Draghi told lawmakers in Brussels today.
On April 4th, Draghi spoke of “upside risks” to price stability and said the ECB would address them if needed...
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